Steamchain Corp provides a blockchain-based platform for B2B international payments, significantly reducing foreign exchange fees and minimizing currency fluctuation risks through smart transaction contracts. The solution enables secure, fast, and cost-effective transactions across 200+ countries in over 145 currencies, with no onboarding or subscription fees.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
TBFounders
Product
Problem
Traditional B2B international payments involve high foreign exchange fees and risks from currency fluctuations, negatively impacting companies' bottom lines. These payments often require navigating complex processes across multiple countries and currencies, leading to inefficiencies and increased labor costs.
Solution
Steamchain Corp provides a blockchain-based platform designed to streamline B2B international payments, offering a secure and cost-effective solution for global transactions. The platform utilizes smart transaction contracts to reduce foreign exchange fees and minimize currency fluctuation risks. By leveraging blockchain technology, Steamchain enables fast and transparent transactions across a wide network of countries and currencies, while also providing an immutable transaction ledger to prevent fraud. The solution aims to simplify the payment process, reduce operational costs, and improve financial stability for businesses engaged in international commerce.
Target Audience
The primary target audience includes international businesses, particularly those involved in import/export, supply chain management, and global trade, seeking to reduce costs and improve the efficiency of their cross-border payment processes.
Features
- Blockchain-based platform for secure and transparent international B2B payments
- Smart transaction contracts to minimize foreign exchange fees
- Mitigation of currency fluctuation risks through USD-backed transactions
- Support for transactions across 200+ countries in over 145 currencies
- Immutable transaction ledger to prevent fraud
- Multi-factor authentication and cryptographic digital signatures for enhanced security
- Quick account setup with no onboarding or subscription fees